Financial Aid
Subpages
Financial Assistance
The Financial Aid team is responsible for processing financial aid applications, applicant verification and the awarding of federal, state, and institutional aid. In addition, extensive counseling and programming is available in areas of financial planning, including debt management. Individual financial aid advising is available to students on topics such as aid eligibility, student budgeting, student loan terms, entrance and exit counseling, establishing, and maintaining good credit, financial independence, student loan debt management and loan repayment strategies.
Northeast Ohio Medical University wants to help students achieve their educational and career goals. The Office of Financial Aid, part of the Division of Academic Affairs, is available to help explore financial aid options available and select the financial aid offer that best satisfies each student’s particular needs. Personnel in financial aid are helpful, knowledgeable professionals who can competently and confidentially answer questions and guide students through the process of seeking financial aid.
Financial aid programs were developed by the federal and state governments, as well as by institutions of postsecondary education to assist students from families with limited resources to meet educational expenses. The primary purpose of financial aid is to ensure that no one is denied the opportunity of a college education because of financial need. Northeast Ohio Medical University administers financial assistance in the forms of scholarships, loans, grants, and service programs. Students are encouraged to explore the possibilities for financial aid from all appropriate sources.
You Have a Right to Know!
Federal regulations require that institutions make consumer information readily available to current and prospective students, and to current and future employees. Consumer information ensures the consumer has information regarding general University information, academic program offerings, student financial assistance and related policies, health and safety policies, student enrollment, demographics, and outcomes and achievements of the academic programs offered. Consumer information can be reviewed on the University’s website.
Student Information and Confidentiality
Pursuant to the Family Education Rights and Privacy Act (FERPA), all records and data submitted with an application for financial aid will be treated as confidential information.
Students will be required to confirm their identity prior to the release of financial aid information. Students who appear in person will be able to show their government or University issued photo ID or confirm personal identifiable information (PII) prior to the release of confidential information. Students have a right to identify an authorized person(s) to call and obtain financial aid information on their behalf. Their designee(s) will also need to confirm PII information and/or provide a passcode prior to the release of student information.
By accepting a NEOMED Foundation Scholarship, the student agrees to allow the University to release directory information to the donor/organization, as well as the Office of Marketing and Communications at NEOMED for press releases related to scholarships.
By accepting a financial aid offer, the student authorizes the Office of Financial Aid to share information contained in the offer with other authorized University, federal, state, or private officials on a need-to-know basis.
Student Aid Eligibility, Application Materials and Deadlines
To qualify for a financial aid offer, students must meet eligibility requirements defined by the U.S. Department of Education and NEOMED, as well as various external sources for which NEOMED offers financial aid. In addition, students must complete application materials to qualify for a financial aid offer, complete needed application forms and meet minimum registration requirements to receive a disbursement of financial aid funds. Students are encouraged to review the Financial Aid Eligibility, Application, and File Verification Policy in the University’s policy portal, and on the Office of Financial Aid’s website.
Code of Ethics, Rights and Responsibilities for Student Loan Recipients and Financial Aid Professionals
As a financial aid recipient, students have certain rights and responsibilities and should be familiar and understand them before accepting a financial aid offer. Questions on your rights and responsibilities should be directed to the Office of Financial Aid prior to accepting a financial aid offer. Students can review their rights and responsibilities on the Office of Financial Aid’s website.
As financial aid professionals charged with administering the program at NEOMED, our primary goal is to help students achieve their educational goals through financial aid support and guidance. As a member of the National Association of Student Financial Aid Administrators (NASFAA), we adhere to their Statement of Ethical Principles and Code of Conduct. You can view these ethical principles and codes of conduct on NASFAA’s website, as well as the Office of Financial Aid website.
Financial Aid Resources
View the following websites for financial aid information:
https://studentaid.gov/ - Complete the FAFSA, Direct Loan Promissory Notes, Federal Loan Entrance and Exit Counseling, Annual Student Loan Acknowledgment, view general information on the federal aid programs, receive information on federal aid received.
https://www.fastweb.com/ - Search for private scholarships
https://www.irs.gov - Everything you need to know about taxes
https://www.myfico.com - Credit report and credit score
https://students-residents.aamc.org/financial-aid - Financial literacy resources for health professions students
